South American Real Estate News
/ Month / March

South American nations struggle to find a new economic model

        South American Nations struggle to find a new economic model to cope with falling commodity prices. Four years ago, when the China-driven commodity price boom was in full swing and south-south ties were all the rage, Dilma Rousseff began her first term as Brazil’s president with a symbolic gesture — jetting off to Beijing. Now, as commodity prices collapse alongside China’s slowing economy, Ms Rousseff has begun her second presidential term by saying she wants to rebuild relations…

LAN Chile upgrades to Boeing 787 for the Pacific Routes

        In direct competition to Air New Zealand’s new route commencing in December, this month 2015, LAN Airlines, a member of LATAM Airlines Group, will now operate a daily flight schedule between Sydney and Santiago (via Auckland) using the airline’s new Boeing 787 fleet. “This announcement marks a milestone moment for LAN Airlines in the Asia Pacific region, as well as the next step in our continued effort and commitment to develop our offering and services in this market,”…

Disruptive technologies in agriculture could usher in artificial milk and beef

              Disruptive technologies in agriculture are coming your way very soon. Get ready or join the dinosaurs. Would you buy artificial milk or beef if the price was right? United States-based entrepreneur and Stanford University lecturer Tony Seba was in New Zealand on Tuesday for a workshop on disruption technologies, which are new ways of doing things that disrupt or overturn traditional business methods and practices. He focuses on entrepreneurship, disruption and…

South America limits access to its resources for foreigners

          South America limits access to its resources for foreigners? The country of Uruguay, sandwiched between South America’s largest economies Argentina and Brazil, is taking steps to protect its farmland from unregulated foreign investment which to date has been Argentina and Brazil. It’s a familiar story. Powerful countries with money to spend and mouths to feed look outside their own borders for agricultural land. But this time, it’s not only Europe or North America…

Aerolineas Argentinas soars once again

          President Cristina Fernandez de Kirchner has many detractors and it’s fair to say her second term as president has been a rocky road with her ‘model’ beset by seemingly intractable travails across the board. What with vulture funds, recalcitrant farmers, problematic vice-presidents; one disobedient the other under indictment, capital flight, bolshie unions, railway tragedies and now Nisman/AMIA not to mention her health issues its fair to say just about everything has…

Chile the economic powerhouse of Latin America

          A Rising Star By Mike Konrad Chile is now seen as the economic powerhouse of Latin America. When I first started to seriously study South America ‐‐ from a mix of curiosity and an attempt to relearn the high school Spanish that I had forgotten lo those many decades ago ‐‐ I fixed on Argentina as the one South American country with the greatest historical potential. On paper, Argentina should be world power. In reality, it is turning out to be Chile. Chile is remembered…

FACTA Regulations- Why Americans are giving up there Citizenship

FACTA – Why  Americans living in South America are giving up there Citizenship in Droves By Martha Myron With the announcement last week from one of our major local banks, HSBC Private Bank Bermuda that they would no longer support accounts owned by US citizens, Bermuda residents with dual citizenship with the United States, and green card holders living in Bermuda, the concerns elucidated in many of my earlier columns regarding US tax compliance have come to pass. Fortunately, Butterfield Bank Private…

Argentine Distressed Farm Syndication Opportunity

We are currently investigating the appetite for smaller investors to have an exposure to Argentine Distressed Farm Syndication that will specialize in Distressed Farm Properties for sale in Argentina and Uruguay. These will be direct farm purchases. With the downturn in International commodity prices many owners are now under extreme stress and risk of bankruptcy. This fund will on the one hand give them a way out with an added opportunity to invest in it themselves and on the other hand give smaller investors…

34,000 ha including Ancient Forests destroyed in Argentina by Fire

Fears grow over ecological damage that emerges from ashes of Chubut’s forests In the wake of the fire that destroyed more than 34,000 hectares of forests, some of them ancient, in southern Patagonia, the authorities will have to put out flames that are no less serious: the new socio-environmental catastrophe that will emerge from the ashes. The worst forest fire in the history of the country will take a while longer to fully extinguish in the area surrounding Cholila, a town set amidst the lakes, valleys…

Chilean Patagonia Torres del Paine National Park

Chilean Patagonia Torres del Paine National Park, is the best place in the world for outdoor activities according to Wikieplora Following three months of investigations in over thirty outdoor and trekking magazines, Wikiexplora portal made a list of the best world places. Wikiexplora is an on-line guide for these kinds of activities in Latin America. Out of sixty touring circuits, Torres del Paine was in first position with eight mentions out of nine. The ranking combines pristine scenery, infrastructure of…

Chile’s hazelnut boom

Chile’s hazelnut boom Chile’s 2011 hazelnut exports may only be less than 1% of world leader Turkey’s total annual production, but the South American country is looking to find opportunities with the crop in global markets. At www.freshfruitportal.com we speak with Grupo Hijuelas general manager Gaspar Goycoolea about the ‘explosive growth’ the industry is going through, and the challenges that come with it. Last calendar year Chilean hazelnut export values grew 146% year-on-year to US$16.6 million,…

Argentine Wine Industry under pressure

        Argentine Wine Industry is in trouble Lower local consumption, less exports and higher production cost have lead to oversupply problems for most Argentine wine producers. The government claims devaluation will not help the industry against its competitors which in many cases have already devalued. Ie Australia, Brazil, Chile etc. Wine sales dropped 7.3% last year according to the Argentine Wine Institute, (INV). Exports fell 17% and sales to its huge domestic market which is in recession…

Tax Dodger Amnesty in Argentina Enables 15% Discount on housing for some Buyers

Tax Dodger Amnesty in Argentina Enables 15% Discount on housing for some Buyers (Joe Blogs ) said he plans to tap the secondary market in “Cedins” — central bank-issued certificates given to Argentines in its tax amnesty program. In exchange for turning in untaxed foreign currency, people get dollar-denominated Cedins they can trade or use to buy housing. The notes are now selling at a 15 percent discount. “I’m interested in doing a transaction withCedin because it’s so much cheaper,” said…

First Premium Outlet Mall opens in Buenos Aires

Distrito Arcos, Buenos Aires first outdoor premium outlet mall, is now open to the public.  It is conveniently located in the heart of Palermo and on the dividing line between two of the city’s most popular neighborhoods for expats and foreign travelers: Palermo Soho and Palermo Hollywood. The first phase of Distrito Arcos includes 53 retail outlets including Adidas, Billabong, Cheeky, Como Quieras Que Te Quiera, Grimoldi, Grisino, La Dolfina, Puma, Rapsodia, Samsonite, Sarkany, Tascani, Tucci and Wanama,…

Foreign Investors are becoming more optimistic about positive change in Argentina

A number of interesting trends are happening in the Argentine Real Estate Market currently. There is increased interest from European buyers in Argentine for investment type properties. This is partly driven I suspect by lower prices and an observation that the current dysfunctional government of Argentine is about to change. For the first time in decades if ever the opposition parties are joining ranks and the polls show the voters love them for it. A new broom with introduced policies the opposition parties…